This topic contains a solution. Click here to go to the answer

Author Question: You just graduated and you expect to work for ten years and then to leave for the Australian ... (Read 68 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
You just graduated and you expect to work for ten years and then to leave for the Australian "Outback" bush country. You figure you can save $1,000 a year for the first five years and $2,000 a year for the next five years. These savings cash flows will start one year from now. In addition, your family has just given you a $5,000 graduation gift. If you put the gift now and your future savings when they start, into an account that pays 8% compounded annually, what will your financial "stake" be when you leave for Australia 10 years from now. (Round to the nearest whole dollar.)
◦ $21,432
◦ $28,393
◦ $16,651
◦ $31,148
◦ $20,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fbq8i on Apr 25, 2021

harveenkau8139

  • Sr. Member
  • ****
  • Posts: 304
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly




fbq8i

  • Member
  • Posts: 527
Reply 2 on: Apr 25, 2021
Wow, this really help


hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

For a complete list of videos, visit our video library